$NIFTY Nifty
An ascending wedge > H&S break > test of neckline > Bear flag
This is not a good look for what has been a great red herring for risk assets
ASIA
EURUSD - from .1300 → .1200Hi everyone!
I am looking for price to sweep asia highs and trade into a previous orderblock area, price has shown a reasonable level of comittment to the downside and i feel that we might get this entry in the next few days, otherwise it might just leave us behind!
Is anyone else considering this??
VAPX Weekly - Building up for larger move?It was disappointing that the 21.90 lateral support didnt hold, but I held onto my positions as the significant weekly 20.80 support was still in tact. As long as we remain above 20.80 the set-up remains bullish and could potentially be building up to form an inverse head and shoulder which will be confirmed with a break above 23.50. I continue to hold
Asia Corp - Emerging Market Corporate Spread Asia Corporate spreads have been widening vs. Emerging Market Corporate OAS at the highest level since 1999. Any bounce in Asia must be led by Credit which is missing
VAPX Daily - Break out targets 23.35 initiallyWe have been keeping an eye on this potential continuation rectangle for a while. The break out of the downward channel is bullish and I will further add to my current holdings. There is resistance at 23.35, but above there we could see a significant break higher. But for now... taking it level by level
EURGBP Trading DiverganceFOREXCOM:EURGBP EURGBP bearish run is getting exhausted, the RSI Indicator shows a bullish rally and also an uptrend on the weekly chart on the currency pair, which is against the price movement.
EURGBP pair price is making lower lows ,while the RSI Indicator is making higher highs.
OANDA:EURGBP EURGBP bullish run might extend to 0.87448.
On the fundamental Analysis;
GBP eco. news - Avg. Earning Index, Claimant Count Change, CPI (yoy) July,
EUR eco. news - CPI (yoy) July,
If the GBP News data is lesser than expected, the EURBP will be on a Bullish run.
THANK YOU
Interesting view on MOMOI picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16.
And what a surprise, there are similarities about the price action.
1. IPO prices sinks
2. Rises back
…and so on
Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users to chat with nearby friends and strangers. You could compare them with the dating platform Tinder (Match Group inc.) the only bigger difference would be that they are not really profitable.
I still believe that Chinese stocks are very risky. But if this goes as it is indicating us, it is a worth a shot.
Reverse head and shoulder pattern for Xpeng. Bullish BUllish with long head and shoulder pattern not an financial advise just the idea.
VAPX Weekly - Keeping an eye for an upward breakAlready long as per previous posts. Will add to my holdings on an upward break
VDJP Weekly - Testing major support (IH&S neckline)In February I highlighted the bearish RSI divergence and said I would like to accumulate around 25. Frustratingly I was too impulsive and started averaging in too soon. This ETF is now at a make or break level on the weekly - either we get a successful bounce and re-test of the neckline here OR it was a false break higher that sucked in the bulls (like me). Time will tell - with stop losses at the ready.
VAPX Daily - Worryingly lack of follow throughI was hoping VAPX would follow VGER and VHYL as they had similar patterns, but there has been a lack of follow through. I will continue to hold my positions whilst above 21.95 - but will look to exit below as a daily close below that red lateral support will trigger a double top.
BIDU Buy After Double BottomChinese stocks have been beaten up tremendously I think its over done Good time to buy BIDU given the stock just bounced on support. Baidu provides internet search services primarily in China (Chinese Google). Last week Bidu launched China's first fully driverless robotaxi service. 25x P/E is relatively cheap for a self driving play like Bidu when you consider the only other true competitor Tesla trades over 1,000x P/E. The biggest threat to Baidu right now is a exodus of foreign investment into the Chinese market. I think the price already reflects that and the potential for upside far outweighs the downside as this stock is only up 15% in the past 5 years.
VAPX Daily - Successful break and re-testI identified the similar bull flag pattern on VHYL and VGER and I started buying in around 22 (red zone) in anticipation that VAPX would follow suit. So far so good and we have got our confirmed break and re-test. I will use this confirmation to add to my position further - targeting 24.18
(sep. scales) Asia Bond ETF 3141.HK vs. BND, EURUSD, UDN and HSIBMO Asia Investment Grade Bond ETF 3141. HK vs. BND , EURUSD , UDN and Hang Seng Index - on separate scales
Asia Bond ETF 3141.HK vs. BND, EURUSD, UDN and Hang Seng IndexBMO Asia Investment Grade Bond ETF 3141.HK vs. BND, EURUSD, UDN and Hang Seng Index
S&P500 Futures vs. JPY & also KRW, CNH, PHP, THB since Feb 16S&P500 Futures - E-mini vs. Japanese JPY & also Korean KRW , China yuan CNH, Philippine PHP , Thai THB since Feb 16, 2021.
Long ETC if closes above 2.24, TP: 2.72 ETC's investors await good earnings reports today, if it closes above 2.24, the next target is 2.38, and subsequently 2.72. MACD looks goods, relative strength is quite strong. Good short term moving average upward cross. Chart pattern going according to Fibonacci pattern.
Sell setup. Have to wait for it.please like and commend if you like the idea.
It can be more bullish before going down so we have to wait for right opportunity.
research before investing action.
multi party launch partyarpa is delivering. I'm not a big fan of asian coins because I think european investors are an easy prey for them. But I decided to buy the rumor at 0.021 for their new roadmap (soonTM) and monetization of data with enterprise partnerships.
Lets see how high this rocket can go (4 cents?). Though I've got a weak hand. I've got an urgent feeling about these stablecoin shares (basis, frax, seigniorage) that I like to max out.
Possible breakout of consolidationAnother strong gaming name from the APAC region in South Korea. May be breaking out of consolidation here for the next leg up. Note, looks like low volume.
